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FX.co ★ BTC analysis for August 20,.2021 - Ascending triangle pattern in creation

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Crypto Analysis:::2021-08-20T12:32:12

BTC analysis for August 20,.2021 - Ascending triangle pattern in creation

Technical analysis:

BTC analysis for August 20,.2021 - Ascending triangle pattern in creation

BTC has been trading sideways at the price of $47,100 but I see potential for the upside breakout and test of $48,000.

Trading recommendation:

Due to outside bullish day yesterday and ascending triangle in creation, I expect further upside movement.

Watch for buying opportunities with the upside target at $48,300

Analyst InstaForex
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